XPENG Awarded “AAA” ESG Ranking


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That is an fascinating piece of reports. Electrical car producer XPENG shared this week that it has gotten a “AAA” designation for its environmental, social, and governance (ESG) insurance policies. I’m not going to lie — it’s not one thing I ever thought of with the corporate. However I’m fortunately shocked to search out out it’s a pacesetter on ESG in addition to sensible electrical car (EV) tech.

That mentioned, the corporate has lengthy been an fascinating and even particular one to speak with. They appear to do issues in a extra open, genuine, progressive approach. I’ve by no means recognized if it was good PR work or simply unintentionally efficient and endearing. Folks desire authenticity, honesty, and openness. Nevertheless, a lot of PR is cookie-cutter, manicured, and unconvincing. XPENG usually looks like a mother & pop store.

Anyway, this isn’t about how they do PR, however the information by some means linked to that for me. They only come throughout pretty much as good folks making an attempt to do top-tier work to advance sensible electrical autos.

The “AAA” ranking comes from MSCI. “MSCI ESG rankings assess firms throughout key sustainability dimensions, evaluating their impression on points equivalent to carbon footprint, worker administration, and company governance. With its AAA ranking, XPENG stands out for its developments in clear know-how and company governance, incomes excessive marks from MSCI for its complete ESG technique and its concentrate on delivering sustainable worth,” XPENG writes.

“Since its founding, XPENG has prioritized sustainable, low-carbon improvement. The Firm’s 2023 ESG report underscores this dedication, detailing substantial carbon reductions — over 1.5 million tons in lifecycle emissions from its 2023 EV deliveries in comparison with conventional gasoline autos. The report additionally emphasizes product high quality, moral enterprise practices, and buyer satisfaction as core priorities. […] XPENG stays devoted to fostering a extra sustainable future, integrating ESG values throughout its operations to create a greater, greener mobility expertise.”

Properly, kudos to XPENG and thanks for not solely being a inexperienced, clear, EV chief, but additionally caring about broader issues and working as a sustainable firm.

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